Aegon (NYSE:AEG) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Aegon shares moved above their 200-day moving average, reaching $9.09 and closing near $9.045, compared with the $8.38 long-term average.
• Analyst sentiment remains mixed but leans neutral: three analysts rate the stock Buy and four Hold, producing a consensus Hold rating and a $10 price target.
• Several institutional investors increased their Aegon holdings, while the company announced a $0.2455-per-share dividend; institutional investors and hedge funds own 4.32% of the stock.

Aegon NV (NYSE:AEG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.38 and traded as high as $9.09. Aegon shares last traded at $9.0450, with a volume of 5,188,361 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Citigroup reissued a "buy" rating on shares of Aegon in a research report on Tuesday, August 18th. Weiss Ratings lowered shares of Aegon from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Thursday. Finally, Zacks Research upgraded shares of Aegon from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 25th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $10.00.

Aegon Trading Down 0.2%

The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.07 and a current ratio of 0.12. The company has a 50-day simple moving average of $9.17 and a 200 day simple moving average of $8.38. The company has a market capitalization of $18.15 billion, a P/E ratio of -56.53 and a beta of 0.81.

Aegon Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a dividend of $0.2455 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a yield of 534.0%. Aegon's payout ratio is -256.25%.

Hedge Funds Weigh In On Aegon

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Aegon by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 11,741,711 shares of the financial services provider's stock valued at $85,233,000 after buying an additional 901,979 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. increased its stake in Aegon by 31.1% during the fourth quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. now owns 2,527,483 shares of the financial services provider's stock valued at $19,487,000 after acquiring an additional 599,104 shares during the period. ABC Arbitrage SA increased its stake in Aegon by 0.5% during the first quarter. ABC Arbitrage SA now owns 2,107,085 shares of the financial services provider's stock valued at $15,297,000 after acquiring an additional 9,775 shares during the period. Quantinno Capital Management LP raised its holdings in Aegon by 42.8% in the 1st quarter. Quantinno Capital Management LP now owns 1,735,351 shares of the financial services provider's stock valued at $12,599,000 after acquiring an additional 520,221 shares in the last quarter. Finally, Transmarket Holdings LP raised its holdings in Aegon by 106.1% in the 1st quarter. Transmarket Holdings LP now owns 665,613 shares of the financial services provider's stock valued at $4,832,000 after acquiring an additional 342,704 shares in the last quarter. 4.32% of the stock is currently owned by institutional investors and hedge funds.

Aegon Company Profile

Aegon N.V. is an international financial services company headquartered in The Hague, the Netherlands. Through its businesses and partnerships, the company provides life insurance, pensions, retirement solutions, savings and investment products, and asset management services to individuals, employers and institutions.

Aegon serves customers primarily in the Netherlands, the United Kingdom, Spain and Portugal, with additional international investment-management and insurance activities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.